According to CoinMeta, Anthropic is set to make its IPO prospectus public as early as October 26th, US time, with plans to go public in mid-November. The company submitted documents to the US SEC in secret back in June of this year. Previously, the market discussed a valuation of $2 trillion, but as AI-related stocks came under pressure, some investors have recently lowered their expectations to around $1.5 trillion. In the first half of this year, Anthropic generated revenue of $16.3 billion, compared to only $1.1 billion in the same period last year. During the same time, it incurred a net loss of $80.7 billion, of which about $72 billion came from valuation adjustments of financing tools such as convertible bonds, not actual cash expenditures. Growth has also begun to slow down, with third-quarter revenue reaching $16.8 billion, a month-on-month increase of about 45%. The company stated that it achieved profitability in the third quarter based on the adjusted figures, but its commitments for infrastructure such as cloud computing, chips, and data centers have exceeded $600 billion, with expenses expected to be incurred over the coming years. By 2025, 47% of Anthropic's revenue will come from sales through the cloud platforms of Amazon and Google; these two companies are also its investors and providers of computing power.